The Waterford Communities | Assisted Living Tax Deductions - The Waterford Communities

Assisted Living Tax Deductions

February 18, 2016

The April deadline is approaching faster than most feel comfortable admitting. Every year much of the same information is pulled out, sorted and turned in to the accountant or processed at home. The question is, are you being thorough enough? Have you exhausted all the possibilities of deductions that you may be able to benefit from? In case you aren’t aware, there is a deduction specific to assisted and long term care. It’s part of the HIPAA bill passed in 1996. Think you might qualify? Below is a great article by A Place For Mom, detailing the specifics of the deduction and some of the qualifications to meet in order to benefit.

http://www.aplaceformom.com/blog/2-11-14-assisted-living-tax-deductions/